publication . Article . 2013

The Darwin Economy: Liberty, Competition, and the Common Good

Joseph C. Bertolini;
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  • Published: 12 Nov 2013 Journal: Review of Political Economy, volume 27, pages 89-94 (issn: 0953-8259, eissn: 1465-3982, Copyright policy)
  • Publisher: Informa UK Limited
Abstract
Who was the greater economist — Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, «The New York Times’» economics columnist and best-selling author of «The Economic Naturalist», predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. And the consequences of this fact are profound. Indeed, the failure to recognize that we live in Darwin's world rather than Smith's is putting us all at risk by preventing us...
Subjects
free text keywords: competition; state; behavioral economics; invisible hand of the market; natural selection; public goods., Economics, Common good, Economy, Organizational Behavior and Human Resource Management, Education, Philosophy, Cultural Studies, History, jel:Z1
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publication . Article . 2013

The Darwin Economy: Liberty, Competition, and the Common Good

Joseph C. Bertolini;